As we entered the second half of 2018, we are constantly seeing and hearing optimistic statements about the price of Bitcoin. According to one hedge fund manager named Mark Yusko, Bitcoin is on a good way to reaching an all-time high in 2018.
Yusko is confident that this is the real potential that Bitcoin has – and how the flagship cryptocurrency could crack the six-figure threshold in more than half a decade.
The news came from Yusko’s Twitter account in which he said that he is sticking by his year-end price target of $25,000. Yusko said that he expects Bitcoin to march to $75,000 by 2020, $200,000 by 2022 and ultimately $500,000 by the end of 2024.
My view from April is unchanged. The #NetworkEffect of #Bitcoin is powerful and all that matters today is securing ownership of the Network, the daily price is just noise… #BuyAndHODL 🚀 https://t.co/FvnIi4jrX1
— Mark W. Yusko (@MarkYusko) July 26, 2018
Last October, Yusko said that the Bitcoin price could hit $1 million per coin one day, but also stated that he doesn’t expect BTC to hit this milestone for at least a decade.
The recent predictions by Yusko make him one of the most optimistic bulls of Bitcoin. However, he is also confident that his targets are justified due to the power of the “network effect” which is a theory that a communications network becomes increasingly valuable as it welcomes more users.
Currently, Bitcoin is fighting its way back above $8,000 and spent the majority of the weekend trading over that mark. Commenting on the recent Bitcoin price movements, Yusko said that this is “just noise” because according to him, “all that matters is securing ownership of the Bitcoin network.”
Scott Galloway Of UCLA Believes Crypto Will Get Worse In 2019
‘’VR and crypto go from bad to worse. AI fails to live up to the hype. 3D printing rises from the ashes. Smart cameras become a hot category.’’His assessment seems to be accurate but can the crypto market prove to be the odd one out? This can be so since many industries are really committed to the crypto sector. Companies such as Fidelity, ICE, and Nasdaq have funded at least five projects in the crypto space over the past year. Venture capitalist Jim Breyer even said:
“So many of the very best computer scientists and deep learning Ph.D. students and postdocs are working on blockchain because they have so much fundamental interest in what blockchain can mean. You don’t want to bet against the best and brightest in the world.’’
Pantera Capital CIO: “Bitcoin Will Not Succeed As Money”
"Bitcoin created the ability to send money around the globe cheaply and easily without having to trust a third party," Krug was confident.He also went on to discuss several revolutions in the past, from the information revolution triggered by printing press up to the telegram, telephone, radio, television and finally, the Internet. When asked about finance, Krug believes that the industry has made leaps of progress such as increases in execution speeds, online user interfaces, brokers etc. However, he stated that a financial revolution powered by the blockchain could advance us into a next era where money, value and finance will all be coordinated thanks to crypto.
"This infrastructure will be borderless, cheap, quick, and, most importantly, will let people trade on things they’ve never been able to exchange before, and if markets for those don’t exist yet, it’ll let them create it," Krug concluded.
Scottish Man Sentenced To Prison For Buying Firearms On The Dark Web With BTC
‘’You claim that you had no intention of causing harm to anyone but the fact remains that you went to considerable lengths to get hold of a potentially lethal weapon and ammunition. You must have appreciated that this was unlawful. For this conduct you must be punished.’’This case is only a number in the series of similar cases where bitcoin is used to carry out illegal activities on the dark web.
American Businessman Still Missing After $950,000 In BTC Ransom Paid
‘’Pavas and Hospital neighborhoods in San Jose – Criminal assault and homicides have been reported in these areas. Gang activity, such as territorial disputes and narcotics trafficking, has been reported in Pavas in the vicinity of the U.S. Embassy.’’There is also another case of kidnapping but in Norway where millionaire’s Tom Hagen wife was also kidnapped. The kidnappers demanded that the ransom should be paid on Monero and that the police must not be involved. However, the police did get involved and said to the public:
‘’Our goal is to find the woman alive and reunite her with her family. In serious crime cases, time is an important factor. We depend on tips that can help us come closer to finding Anne-Elisabeth.’’
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